Accounting Archives | CloudCFO PH


February 8, 2024

DOLE issues revised IRR on Service Charge Law 

The Department of Labor and Employment (DOLE) has issued the revised implementing rules and regulations (IRR) of the Republic Act (RA) 11360 or the Service Charge Law, which now covers a broader range of establishments, including hotels, restaurants, and entities operating primarily as private subsidiaries of the government. The term ‘service charge’ is clearly defined […]

January 3, 2024

Understanding Accounts Payable

It’s important to understand accounts payable because it’s not just a financial log; it’s a strategic tool. As a liability, accounts payable is a credit entry, representing the money your business owes to suppliers. When the balance is settled, a debit entry decreases the credit balance. 

November 29, 2023

Navigating Financial Success: 5 Expert Accountant Questions During a Comprehensive Financial Review

In the dynamic and often unpredictable world of business, regularly assessing your financial health is not just an option but an absolute necessity. Just as a ship’s captain relies on regular navigational checks to ensure a safe and successful journey, business owners need regular financial reviews to steer their companies toward financial stability and growth.  […]

October 24, 2023

Exorcising Financial Management Scares: A Quick Guide

As the nights grow longer and Halloween approaches, small and medium business enterprises and startups must confront their own set of financial management scares. In the accounting world, these scares aren’t ghosts or ghouls, but they can be equally frightening if left unaddressed.  That’s where CloudCfo comes in. As a tech-empowered leader in financial risk […]

August 10, 2023

Efficient Restaurant Accounting with CloudCfo: Boosting Financial Management for Philippine Restaurants

We delve into the F&B landscape in the Philippines–specifically in the restaurant industry– and explore why accounting is crucial in this thriving industry.

February 22, 2023

5 mins read

What is a Purchase Order and When Do You Use It?

Improve your inventory management efficiency through purchase orders. Read this article to know what a purchase order is and how it can help your operations.

February 15, 2023

4 mins read

Understanding the Basics of a Journal Entry in Accounting

Accounting is a big part of successful businesses, and a key aspect of the process is journal entries. Learn what a journal entry is in accounting.

January 30, 2023

7 mins read

Income Tax Return in the Philippines: What You Need to Know

Income tax filing in the Philippines is a must. Check out this infographic to learn more.

January 24, 2023

5 mins read

A Guide to SSS Online How to Pay and Check Contributions

SSS contributions have different types. This blog will walk you through those types and how to pay them via SSS online.